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China’s gold market is cooling, multiple metrics show
China’s gold market, which along with central bank demand has been one of the central pillars of the multi-year gold rally, has shown definite signs of cooling in recent weeks. “Amid heightened market uncertainty, gold ETFs have seen an overall reduction in assets under management, with several funds experiencing significant net outflows,” noted a report from Gelonghui Finance. “As of June 3, 14 gold ETFs recorded combined net outflows exceeding RMB 10 billion [$1.48 billion] over the past month.” “The previously widely accepted investment view of 'buying on dips amid falling gold prices' has started to ... (full story)
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- Jun 4, 1:30pm | 25 hr ago Posted byFundamental Analysis68
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